SANTA CLARA, Calif., Nov. 13, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer delivering the world's most advanced data storage technologies and services, and CoreWeave, the AI Hyperscaler™, today announced Pure Storage's strategic investment in CoreWeave to accelerate AI cloud services innovation. Alongside the investment, the companies unveiled a strategic partnership, enabling customers to leverage the Pure Storage platform within CoreWeave Cloud.Building on their shared success with some ...

SANTA CLARA, Calif., Nov. 12, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Tuesday, December 3 at 2:00 p.m. PT to discuss its financial results for the third quarter fiscal year 2025 ended November 3, 2024. This conference call will be held following the release of Pure Storage's financial results.Third Quarter Fiscal 2025 Conference Call DetailsA live audio broa ...

Pure Storage (PSTG) ended the recent trading session at $53.93, demonstrating a -0.26% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.74%.Shares of the data storage company witnessed a gain of 1.71% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.99% and the S&P 500's gain of 3.16%.The investment community will be closely monitoring the performance of Pure Storage in its forthcoming earnings report. The ...

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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Pure Storage (PSTG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Pure Storage currently has an ...

The most recent trading session ended with Pure Storage (PSTG) standing at $52.38, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.92%. Elsewhere, the Dow saw a downswing of 0.96%, while the tech-heavy Nasdaq depreciated by 1.6%.Coming into today, shares of the data storage company had gained 6.42% in the past month. In that same time, the Computer and Technology sector gained 3.64%, while the S&P 500 gained 2.68%.The inves ...

Pure Storage (PSTG) ended the recent trading session at $53.42, demonstrating a +1.58% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.47%. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%. Heading into today, shares of the data storage company had gained 5.6% over the past month, outpacing the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% in that time. The investment c ...

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Core Insights - Pure Storage Inc (PSTG) shares increased by 3.08% on October 2, reaching an intraday high of $50.60 before closing at $50.27, which is 28.60% below its 52-week high of $70.41 and 62.16% above its 52-week low of $31.00 [1] - The average one-year price target for PSTG, based on 18 analysts, is $64.56, indicating a potential upside of 28.43% from the current price [2] - The consensus recommendation from 21 brokerage firms gives PSTG an average rating of 2.2, suggesting an "Outperform" status [2] Stock Performance - PSTG's trading volume was 701,362 shares, which is 21.9% of its average daily volume of 3,203,105 [1] - The stock's current price of $50.27 is significantly above its 52-week low of $31.00, reflecting a strong recovery [1] Analyst Projections - The high estimate for PSTG's price target is $80.00, while the low estimate is $45.00 [2] - GuruFocus estimates the fair value (GF Value) for PSTG at $41.79, suggesting a downside of 16.87% from the current price [2]

Pure Storage, Inc's (PSTG) shares have been performing well on the trading front, with a gain of 38.7% year to date. Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for its customers. The stock has outperformed its sub-industry, the Zacks Computer and Technology sector and the S&P 500 composite's growth of 34.6%, 23.7% and 20.6%, respectively. YTD Price Performance Image Source: Zacks Investment Research Closing at $49.4 ...